“Colorado Homes Showed 32% Overall Price Appreciation in 2021 New Coloradoans and the state’s stay-at-home orders during the pandemic have combined to form an unprecedented amount of growth in home values and scarcity in 2021, according to CAR’s 2021 Year-End Market Trends Report. The overall median single-family home price across Colorado went up 32% between…
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The National Association of Realtors has been tracking the median number of homes buyers view before purchasing since 1987. Over the years, homebuyers looking for their new house looked at nine to twelve homes before successfully purchasing. In 2021, a median of only eight homes were viewed before purchase, a record low. What’s more surprising…
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Since the start of the Covid-19 pandemic in early 2020, the national mortgage rates have been on a steady decline to a near record low of 2.79%. When things started to “normalize” again in early 2021, the rates being to rise again, to around 3.2%. At the beginning of 2022 they reached 3.45% as the…
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With the entirety of 2021 real estate market statistics to review, we can see that it was one wild year. Similar to 2020 in elevated sales and pricing trends, we saw another decrease in supply coupled with increased demand. In La Plata County, there were a total of 1420 residential sales. Looking back at 2021,…
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Invisible, odorless, and tasteless: radon is a radioactive gas and a silent intruder in about half of Colorado homes, according to the Colorado Department of Public Health. Produced from uranium and radium in the soil, it can leak into home through the foundation. The Environmental Protection Agency (EPA) indicates that levels above 4 picocuries per…
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The Durango Area Association of Realtors releases monthly statistics for La Plata County so we can track the activity and mark the changes, key metrics, and…
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With just the remainder of this month left in 2021, the real estate market is still hot. Monthly statistics help us highlight key metrics and trends to understand where the market has been and is headed. La Plata County has seen another very busy year like 2020. November had 125 sales bringing 2021 up to…
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Every month we get a statistics breakdown of the prior month’s real estate market activity so we can look at key metrics and review what’s been happening. October saw a lot of movement in properties while median and average sales prices are still on the rise. In La Plata County, 130 properties were sold in…
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The Durango Area Association of Realtors compiles reports comparing the real estate activity in 2021 to 2020 so that we can look at key metrics and statistics. In September, La Plata County saw 85 new single family home…
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Last month’s activity reports have been compiled and released for us to be able to review the movement and trends in La Plata County real estate market. Here we will highlight key metrics that we see happening as well as compare August 2021 to years past. August 2021 added 124 property sales to the…
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- for Max Hutcheson
